Eldridge Investment Advisors Inc. Trims Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Eldridge Investment Advisors Inc. cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,602 shares of the company’s stock after selling 321 shares during the period. Eldridge Investment Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Trust Co. NA grew its holdings in shares of First Trust Managed Municipal ETF by 1.0% in the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after purchasing an additional 200 shares during the last quarter. Valmark Advisers Inc. grew its holdings in First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after acquiring an additional 257 shares in the last quarter. WealthCare Investment Partners LLC grew its holdings in First Trust Managed Municipal ETF by 0.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock worth $2,495,000 after acquiring an additional 274 shares in the last quarter. Westside Investment Management Inc. grew its holdings in First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after acquiring an additional 343 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its holdings in First Trust Managed Municipal ETF by 3.5% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after acquiring an additional 343 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of First Trust Managed Municipal ETF stock opened at $50.85 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The firm’s 50-day moving average is $51.08 and its two-hundred day moving average is $51.37.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date was Friday, February 21st.

First Trust Managed Municipal ETF Profile

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.